Fannie Mae Reviews

Updated July 20, 2015
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548 Employee Reviews

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  1. Helpful (1)

    Not amazing but not bad

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Business Analyst III in Washington, DC
    Current Employee - Business Analyst III in Washington, DC

    I have been working at Fannie Mae full-time (More than a year)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Positive and social environment. I've met some extraordinary people here. Great benefits, 17 vacation days (including 2 floating holidays), 10 holidays, generous 401k plan, unlimited sick days, flexible work schedules, good work/life balance (usually)

    Cons

    Organizational change leads to downward pressure on lower management/analysts from the top. Also a very "top-heavy" company with VPs and Directors.

    Advice to Management

    Reduce the amount of upper management, encourage more cross team collaboration, and reduce the amount of analysts reporting to Directors.


  2. Helpful (3)

    Anonymous

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous in Dallas, TX
    Current Employee - Anonymous in Dallas, TX

    I have been working at Fannie Mae full-time (More than 8 years)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Nice employees. Diversity. Inclusion. Business casual. Fair compensation. Fair benefits package. Internal training.

    Cons

    Bonuses, promotions and layoffs are not tied to job performance. Bureaucracy.

    Advice to Management

    Building new trophy office + threats of layoffs = miserable culture. Officers, leave your Prada and Christian Louboutin at home. Your loyal employees fear for their jobs.


  3. Good place to work

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Information Technology in Washington, DC
    Former Employee - Information Technology in Washington, DC

    I worked at Fannie Mae (More than 10 years)

    Recommends
    Neutral Outlook
    Approves of CEO
    Recommends
    Neutral Outlook
    Approves of CEO

    Pros

    Good Benefits Good opportunities to engage in interesting projects if you know how to network Good work/life balance if you know how to manage up and manage your workload Opportunities for mentoring if you are in the right parts of the company

    Cons

    Lack of clarity in middle/lower management in some area regarding priorities Lack of ability to accurately identify LOEs on projects leading to resource starvation for those projects Culture change is harder due to the uncertainty created because of C-Ship.

    Advice to Management

    Encourage mentoring as a requirement for moving into or up the management ranks in order to provide another communication channel. Recognize that the uncertainty is stressful on employees and encourage that work/life balance be a priority for your high/good performers. Continue to be honest and open about changes that are coming in regards to staffing and regulations.


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  5. knowledge sharing

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Anonymous Employee in Washington, DC
    Current Employee - Anonymous Employee in Washington, DC

    I have been working at Fannie Mae full-time (More than 5 years)

    Neutral Outlook
    Neutral Outlook

    Pros

    The mission Competitive compensation Flexible work arrangements Benefits

    Cons

    Challenging culture Hierarchy Process driven vs results driven Consensus driven Analysis paralysis

    Advice to Management

    Continue to drive culture change Express, model, and reinforce the behaviors that will bring about the culture transformation


  6. Mixed Experiences

    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae full-time

    Pros

    Stable company that is needed in the marketplace so there will likely be near term job security until Congress decided future status of industry.

    Cons

    There was a mass exodus of talent several years ago. There are still some very good people at the company but there are others who are just looking to hang on and not push for innovative ways to improve work.

    Advice to Management

    Try to recruit and retain motivated people who will help improve how the company operates for the short and long term.


  7. Senior Solutions Architect

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Senior Solutions Architect in Herndon, VA
    Current Employee - Senior Solutions Architect in Herndon, VA

    I have been working at Fannie Mae

    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO
    Doesn't Recommend
    Neutral Outlook
    No opinion of CEO

    Pros

    Good work-life balance when the project is right.

    Cons

    Slow to implement technology in some areas. Reckless in others.


  8. Helpful (1)

    Suffocating, disorganized, and slow.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Current Employee - Analyst in Washington, DC
    Current Employee - Analyst in Washington, DC

    I have been working at Fannie Mae full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    No opinion of CEO
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    Pros

    Some of the people are very impressive, and you will be paid well for what you do. Benefits are pretty good as well, especially for the DC metro area.

    Cons

    Many employees lack morale, hate the idea of change, and some are just plain lazy. The work is largely boring and repetitive, there's constant push back and red tape, and the company is sinking fast with dwindling relevance. Almost no room for advancement, and one of the worst HR Departments I have ever had to work with. There seems to be a constant fear of layoffs, and the lack of innovation and willingness to embrace technology is suffocating.

    Advice to Management

    Embrace change, trim lazy staff members, and try to cut the exhausting red tape. Don't say we're competing to win the future when everyone can see that we aren't.


  9. Helpful (1)

    Great place to work.

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Anonymous Employee
    Former Employee - Anonymous Employee

    I worked at Fannie Mae

    Recommends
    Positive Outlook
    Approves of CEO
    Recommends
    Positive Outlook
    Approves of CEO

    Pros

    Excellent benefits, nice salaries, management cares about employees.

    Cons

    Bad press to deal with

    Advice to Management

    Be nice


  10. Consulting

    Current Employee - Senior Business Analyst - Consultant in Washington, DC
    Current Employee - Senior Business Analyst - Consultant in Washington, DC

    I have been working at Fannie Mae (More than a year)

    Pros

    It's an okay company to work for

    Cons

    Same as all companies to work for


  11. Helpful (1)

    Project Manager

    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Comp & Benefits
    • Senior Management
    Former Employee - Project Manager in Washington, DC
    Former Employee - Project Manager in Washington, DC

    I worked at Fannie Mae full-time (More than a year)

    Doesn't Recommend
    Negative Outlook
    Doesn't Recommend
    Negative Outlook

    Pros

    Lots of Paid Time Off and Holiday Vacation, limited job oversight, extensive training and a very diverse workforce. Located centrally in Washington DC.

    Cons

    Too inconvenient to commute further than immediately outside the city limits. Management provides long and often unnecessary training activities and they are currently undergoing a rapid downsizing effort to fit into the new offices in DC.

    Advice to Management

    Stop with the 80 hour requirement for training and listen to your employees when they say they need training for areas specific to their daily jobs.



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